smart_money has definitions from the fields of law,business
1
[ noun ] (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)
2
[ noun ] (business) money bet or invested by experienced gamblers or investors (especially if they have inside information)

Related terms

speculation

3
[ noun ] people who are highly experienced or who have inside information

Examples

"the smart money said Truman would lose the election"

Related terms

people

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